Southern Light Rail Inc

Analysis

Southern Light Rail Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in March 2005, 21 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Southern Light Rail Inc reported income of $3.4m and spending of $3.4m, spending 98% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $2.7m to $3.4m (+27%), an average of +5.0% a year. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Southern Light Rail Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 92nd percentile within GA. Charities of a similar size with the same main cause include Tampa Va Research and Education Foundation Inc ($3.4m), Immunize Nevada ($3.4m) and American Association of Nurse Anesthetists Foundation ($3.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 46% and program service revenue 49% of the total. Other salaries and wages came to $458k. At year end it held assets of $5.4m against liabilities of $531k, net assets of $4.9m.